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CIMA CIMAPRO15-E03-X1-ENG Exam Syllabus Topics:

CIMA E3 - Strategic Management Question Tutorial Sample Questions:

1. Which THREE of the following issues relate to the Corporate Strategy of an organization? (Choose three.)

A) Entering new industries.
B) Acquisitions, disposals and diversification.
C) Meeting the needs of key customers.
D) Leaving existing industries.
E) Avoiding competitive disadvantages.
F) Achieving advantage over competitors.

2. DRAG DROP
LMN is a fast food manufacturer that makes 'Ready-meals'.
Place the appropriate stage of the Value Chain against each of the activities below:
Select and Place:

Correct

3. An organization must acquire suitable hardware and software in order to implement a knowledge management strategy so that knowledge can be stored and communicated.
Which of the following would be appropriate systems to use in a knowledge management strategy? (Choose all that apply.)

A) Internet
B) Local area network
C) Ledgers and journals
D) Groupware
E) Intranet
F) Social media

4. According to Porter's Five Forces model, which of the following would be evidence of high buyer power?

A) Products are not standardized and buyers cannot easily switch to another product.
B) There is a low probability of backward integration.
C) There is a concentration of buyers.
D) Buyers are fragmented and act independently of each other.

5. Which of the following would be likely to encourage an organization to use Scenario Planning? (Choose all that apply.)

A) Uncertainty in the industry is high, relative to management's ability to predict or adjust to change.
B) The organization has not previously experienced any major surprises or expensive strategic mistakes.
C) The organization has achieved all of its objectives and operates within a stable external environment.
D) The organization often experiences 'group-think', leading to a narrow view of the future.
E) Competitor's are increasingly using Scenario Planning as part of their strategy formulation process.

Solutions: